The Team of Levy Salis LLP would like to wish you and your family a Happy Chinese New Year! May the year of the pig bring a lot of prosperity, happiness and good fortune to you and your loved ones. Gong Hei Fat Choy!
Israel to disclose bank accounts of foreigners with tax authorities like the CRA and the IRS. For more information, click to read more.
If you are an American living in Canada, the CRA is now sharing your Canadian bank records with the IRS. To know more, please read the blog below.
Shlomi Steve Levy was recently interviewed by Neil Sharma for his article entitled "Tax strategies to investing in the U.S." which appeared in Canadian Real Estate Wealth Magazine. In this article, Shlomi discusses certain tax planning issues for Canadians who invest in US real estate, including ownership structures and avoidance of double taxation.
The signing into law of the Tax Cuts and Jobs Act by US President Donald J. Trump on December 22, 2017 brought considerable changes to both how individuals and corporations [...]
The Tax Cuts and Jobs Act, commonly referred to as the US Tax Reform Bill, came into effect on January 1, 2018. Among the numerous changes it makes to the [...]
Many Canadians who seek to purchase or already own US real estate are unaware that at one point or another they will require a US Individual Tax Identification Number (ITIN). [...]
In comparison with Canada, US tax rates on the income of an individual are lower. US federal individual income tax rates are lower than Canadian federal tax rates and State [...]
The US taxation system imposes onerous tax reporting obligations on its citizens. All US citizens must report and pay tax on their worldwide income – even if they live abroad. [...]
